Bloomberry FY2025 EBITDA Falls 39% to P10.2B as VIP and Premium Mass Gaming Weakens
Bloomberry Resorts Corporation has reported its financial results for the 2025 fiscal year, reflecting a challenging period for the Philippine casino operator as demand from VIP and premium mass players softened across the market and continued to impact the VIP gaming market.
According to the company’s official FY2025 financial results, Gross Gaming Revenue (GGR) reached P59.8 billion in 2025, representing a 3% decline compared with P61.7 billion in 2024. Net revenue totaled P52.5 billion, while Bloomberry EBITDA declined 39% year-on-year to P10.2 billion from P16.8 billion in the previous year.
The decline in profitability was largely attributed to weaker performance in the VIP and premium mass segments, which have historically been key drivers of gaming revenue for integrated resorts in the Philippines and remain closely watched across the broader iGaming industry and Asian casino markets.
VIP and Premium Mass Segments Weaken
Bloomberry Chairman and CEO Enrique K. Razon Jr. said the industry experienced several external pressures during the year, which affected high-value gaming activity.
“2025 was a challenging year, marked by softer inbound tourism and the residual effects of the July 2024 POGO ban, which weighed on revenues across VIP and premium mass,” Razon said.
The Philippine Offshore Gaming Operator (POGO) ban implemented in July 2024 had a noticeable impact on gaming demand, particularly among international VIP players. Lower VIP rolling chip volumes and reduced premium mass demand contributed to the decline in overall profitability and added pressure on the regional VIP gaming market.
Solaire Resort Entertainment City Performance
Bloomberry’s flagship property Solaire Resort Entertainment City generated P41.2 billion in GGR during 2025,according to the company’s audited financial data, accounting for the majority of the group’s gaming revenue.
However, the property recorded a decline in high-value gaming activity due to lower VIP rolling chip volumes and softer premium mass demand. This resulted in reduced EBITDA contribution from the property compared with the previous year, reflecting broader trends affecting the VIP gaming market in Asia.
Solaire Resort North Supports Growth
Bloomberry’s second integrated resort, Solaire Resort North, contributed P18.5 billion in Gross Gaming Revenue in 2025 as operations continued to ramp up following its opening in May 2024.
The addition of the property supported the company’s overall performance and helped drive a 12% increase in the combined performance of mass table games and electronic gaming machines across Bloomberry’s Philippine operations.
The continued ramp-up of Solaire Resort North is expected to support revenue diversification while strengthening the company’s position within the broader iGaming industry and regional casino market.
Non-Gaming Revenue Expands
Bloomberry also reported continued growth in its non-gaming operations. Non-gaming revenue increased 21% year-on-year to P12.9 billion, supported by stronger demand for hotel accommodations, restaurants, retail outlets, and entertainment offerings across its integrated resorts.
The expansion of non-gaming revenue reflects the company’s strategy to strengthen its integrated resort ecosystem and reduce reliance on the volatile VIP gaming market.
Outlook for the Casino Market
Looking ahead, Bloomberry expects operational improvements, cost management initiatives, and the continued ramp-up of Solaire Resort North to support performance.
The company is also focusing on expanding its digital gaming platforms, aligning with broader growth trends across the global iGaming industry while monitoring regulatory developments in the online gaming sector, including developments around its megaFUNalo platform
Bloomberry’s FY2025 results highlight how casino operators in Asia are increasingly adapting their strategies as the industry gradually shifts away from VIP-driven revenues toward mass-market gaming, non-gaming revenue streams, and integrated resort diversification.
Source: Bloomberry Resorts Corporation
